A gambling game pays 8 to 1 and has chance 1 out of 10 of winning. If someone plays this game 225 times, betting $2 each time, what is the approximate chance that they win $60 or more in total? Use a box model and normal approximation to do the problem, and choose the answer that is closest. 19.4% 0% 9.7% O 80.6%

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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A gambling game pays 8 to 1 and has chance 1 out of 10 of winning. If someone plays this game 225
times, betting $2 each time, what is the approximate chance that they win $60 or more in total?
Use a box model and normal approximation to do the problem, and choose the answer that is
closest.
19.4%
0%
9.7%
80.6%
Transcribed Image Text:A gambling game pays 8 to 1 and has chance 1 out of 10 of winning. If someone plays this game 225 times, betting $2 each time, what is the approximate chance that they win $60 or more in total? Use a box model and normal approximation to do the problem, and choose the answer that is closest. 19.4% 0% 9.7% 80.6%
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